Estimated reading time: 0 minutes, 24 seconds

Commercial Mortgage Delinquencies Dip to Pandemic-Era Low

Saturday, Jun 12 2021
Commercial Lending
Written by 

Delinquency rates for commercial and multifamily property mortgages kept declining in May 2021, according to the Mortgage Bankers Association. So reports World Property Journal.

MBA“Commercial and multifamily mortgage delinquency rates ticked down last month to the lowest level since the onset of the COVID-19 pandemic," Jamie Woodwell, MBA's vice president of commercial real estate research, said in a statement.

Fully 95.2% of outstanding loan balances were current in May, improving from 95.1% the prior month.

Read the full article from the World Property Journal.

Read 2513 times
Rate this item
(0 votes)
More in this category: « Reviving Crisis Move, Investors Eye Commercial Real Estate Bonds Surging Home Prices Drive Flippers Out of Market »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline